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Advanced Micro Devices (NASDAQ:AMD) stock is on a tear, jumping about 8% today and continuing a steady climb higher.
AMD has logged 12 consecutive sessions of gains, its longest winning streak since 2005.
KEY POINTS
- AMD and the French government announced expanded cooperation to support France's national AI strategy.
- TSMC, AMD's chip manufacturer, raised its 2024 revenue outlook due to strong AI-driven demand.
- Meta will begin deploying up to 6GW of AMD Instinct GPUs starting 2H26 using MI450 and EPYC CPUs.
- Rosenblatt's Cassidy forecasts AMD achieving over $20 non-GAAP EPS and 35%+ revenue CAGR in 3-5 years.
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